Property Summary: 323 Wavell Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1953 home on Wavell Avenue presents a compelling opportunity in Winnipeg's Riverview neighborhood. Its primary strength is its generous living space of 1,518 sq ft, which ranks in the top 3% on its own street and well above averages for both the neighborhood and city. This suggests a home that offers more room than many in the immediate area. The lot size is also notably larger than most on the street, providing valuable outdoor space.
The home’s appeal lies in its balanced, above-average fundamentals within a stable, established setting. While its assessed value is typical for the area, you are acquiring a property that is physically larger than many of its peers. It suits buyers looking for a character home with room to grow or simply more interior space than is commonly found in the neighborhood, without a drastic premium in price. It’s a practical choice for those who value space and a mature location over a brand-new build, and it may hold particular interest for someone who sees potential in a solid, post-war home on a good-sized lot.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in July 2023 for a price between $400,000 and $450,000. The current assessed value is $396,000. This indicates the sale fell within a reasonable range of the municipal assessment.
2. Is the home newer or older than others nearby?
Built in 1953, it is slightly newer than the average home on Wavell Avenue (1952) and significantly newer than the broader Riverview neighborhood average (1938). It is a well-established property but not among the oldest in the area.
3. What does the "Top 3%" living area ranking mean for this street?
This means that, in terms of interior square footage, this home is larger than 97% of the 63 comparable properties on Wavell Avenue. It is a standout feature for the immediate location.
4. Are the sold prices shown here from the MLS?
No. The sold price data is compiled from publicly available sources, not the MLS. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site.
5. How does the lot size compare to the rest of the city?
At 5,998 sq ft, the lot is above average for Riverview but slightly below the citywide average for comparable homes. However, on its own street, it ranks in the top 11%, meaning it is one of the larger parcels in the immediate vicinity.